NOT LISTED FOR SALE

5130 Jones Landing Petoskey, MI 49770

Estimated Value: $226,000 - $1,998,000

3 Beds
2 Baths
1,500 Sq Ft
$931/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $1,100,000 $733 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $8,855/month

Highlights

  • 100 Feet of Waterfront
  • 1 Car Detached Garage
  • Living Room
  • First Floor Utility Room
  • Thermal Windows
  • Dining Room

About This Home

As of April 2021

This Walloon Lake property has been in the same family since 1966. The interior is in its original vintage state, well-maintained ready to use or ready to be updated to your personal tastes. Within 10 minutes of Petoskey, this home and its location along 100 feet of frontage is hard to beat. The property features three beds, two full baths, a detached garage for additional storage and is western facing for stunning sunsets from Walloon's calmest arm. The convenient location to the Walloon Lake Country Club, and all the charming towns/attractions that make the draw to Northern Michigan so strong, create an opportunity you won't want to miss.

Last Agent to Sell the Property

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 02/11/2021

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,443

Lot Details

  • 100 Feet of Waterfront
  • Property is zoned Residential - Improved

Parking

  • 1 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • Thermal Windows
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Water Views
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Propane
  • Well
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 01-19-31-101-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,443

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 02/11/2021
  • Measurement Source: Owner
  • Section: 31
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 1500
  • Master Bedroom: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: N/A
  • Total Rooms: 5
  • Basement: Crawl
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: N/A
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 1500
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Thermo

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 100
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Garage Carport: Garage-Detached
  • Gar Car Capacity: One and Half

Utilities

  • Heat Type: LP Gas
  • Sewer: Septic
  • Water: Well
  • Water Heater: Gas

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Residential - Improved

Tax Info

  • Assessor Parcel Number: 01-19-31-101-003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2021
Closed on
Apr 1, 2021
Sold by
Goldsmith Opal P Trust
Bought by
Krohn Jason D
Seller's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$1,025,000
Sold Price
$1,100,000
Premium/Discount to List
$75,000
7.32%
Current Estimated Value
$1,395,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,764
Avg. Annual Appreciation
5.43%
Original Mortgage
$880,000
Outstanding Balance
$796,730
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$599,034

Purchase Details

Closed on
Apr 1, 2014
Sold by
Opal P Opal P
Bought by
Goldsmith Opal P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.31%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 13, 2006
Sold by
Goldsmith Robert and Opal Trusts
Bought by
Goldsmith Opal P Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Krohn Jason D -- --
Goldsmith Opal P -- --
Goldsmith Opal P Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krohn Jason D $880,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2021 04/01/21 Sold $1,100,000 +7.3% $733 / Sq Ft
02/11/2021 02/11/21 For Sale $1,025,000 -- $683 / Sq Ft
Source: Northern Michigan MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,443 $714,200 $714,200 $0
2024 $17,443 $584,800 $584,800 $0
2023 $15,868 $501,600 $501,600 $0
2022 $15,868 $368,900 $368,900 $0
2021 $6,006 $349,600 $349,600 $0
2020 $5,908 $341,600 $341,600 $0
2019 $5,532 $337,400 $337,400 $0
2018 $5,455 $321,400 $321,400 $0
2017 -- $322,600 $322,600 $0
2016 -- $312,400 $312,400 $0
2015 -- $309,400 $0 $0
2014 -- $254,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wally Kidd

    Seller's Agent in 2021

    Wally Kidd

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-2700

    9 in this area

    173 Total Sales

    Wally Kidd
    Section Image
  • Patrick Leavy

    Buyer's Agent in 2021

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    40 in this area

    383 Total Sales

    Patrick Leavy
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 464274

Northern Michigan MLS

APN: 01-19-31-101-003

Michigan Emmet County Petoskey 49770

5130 Jones Landing, Petoskey, MI

This home is located at 5130 Jones Landing, Petoskey, MI 49770 since 11 February 2021 and is currently estimated at $1,395,764, approximately $930 per square foot. 5130 Jones Landing is a home located in Emmet County with nearby schools including Petoskey High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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